CBDBuzzz.com
  • Home
  • News
  • Culture
  • Science
  • Health
  • Videos
  • Shop
No Result
View All Result
CBDBuzzz.com
  • Home
  • News
  • Culture
  • Science
  • Health
  • Videos
  • Shop
No Result
View All Result
CBDBuzzz.com
No Result
View All Result

Pot Co. Acreage Holdings Borrows $15M At 60% Interest Rate

June 18, 2020
in News
Reading Time: 1 min read
A A
Pot Co. Acreage Holdings Borrows $15M At 60% Interest Rate
400
SHARES
2.4k
VIEWS
ShareShareShareShareShare

Law360 (June 17, 2020, 8:34 PM EDT) — Cannabis giant Acreage Holdings on Wednesday said it had taken a $15 million loan from an unnamed institutional investor at an eye-popping 60% interest rate, putting up intellectual property and assets in three states as collateral amid a widespread capital crunch in the cannabis sector.

The short term The The short term loan includes a $6 million default penalty and cannot be prepaid for 90 days, potentially locking in at least $2. 25 million in interest payments. Acreage said it secured the loan with its cannabis operations in Illinois, New Jersey and Florida, along with its U. S. intellectual property. The deal comes as cash-strapped cannabis companies struggle. . . Stay ahead of the curve

To Read The Rest Of This Article By Staff on Law360
Click Here

Published: June 18, 2020

The post Pot Co. Acreage Holdings Borrows $15M At 60% Interest Rate appeared first on L.A. Cannabis News.

Credit: Source link

Share160Tweet100SendShare28Pin36
Previous Post

Yelp Blocks Marijuana Businesses From Two Key Advertising Features

Next Post

Kansas City, MO Mayor Pushing For Major Cannabis Law Reform • High Times

Related Posts

28 grams of game: Shiest Bubz is legend
News

28 grams of game: Shiest Bubz is legend

February 3, 2023
Australia to allow magic mushrooms and MDMA for limited medical use
News

Australia to allow magic mushrooms and MDMA for limited medical use

February 3, 2023
Surprise, Missouri! State opens adult-use marijuana sales three days early
News

Surprise, Missouri! State opens adult-use marijuana sales three days early

February 3, 2023
British Police Find 6,000 Cannabis Plants in Abandoned Tire Factory
News

British Police Find 6,000 Cannabis Plants in Abandoned Tire Factory

February 3, 2023
Load More
Next Post
Kansas City, MO Mayor Pushing For Major Cannabis Law Reform • High Times

Kansas City, MO Mayor Pushing For Major Cannabis Law Reform • High Times

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Updates

28 grams of game: Shiest Bubz is legend

28 grams of game: Shiest Bubz is legend

February 3, 2023
Australia to allow magic mushrooms and MDMA for limited medical use

Australia to allow magic mushrooms and MDMA for limited medical use

February 3, 2023
Surprise, Missouri! State opens adult-use marijuana sales three days early

Surprise, Missouri! State opens adult-use marijuana sales three days early

February 3, 2023
Yale Announces New Cannabis Research Center

Yale Announces New Cannabis Research Center

February 3, 2023
UC Davis Launches Institute for Psychedelics and Neurotherapeutics

UC Davis Launches Institute for Psychedelics and Neurotherapeutics

February 3, 2023
CBDBuzzz.com

This is an online news portal that aims to share latest news about "News, Culture, Science, Health, Shop" and much more stuff like that. Feel free to get in touch with us!

Recent News

28 grams of game: Shiest Bubz is legend

28 grams of game: Shiest Bubz is legend

February 3, 2023
Australia to allow magic mushrooms and MDMA for limited medical use

Australia to allow magic mushrooms and MDMA for limited medical use

February 3, 2023

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy

© 2020 matans3.sg-host.com - All rights reserved!

No Result
View All Result
  • Home
  • News
  • Culture
  • Science
  • Health
  • Videos
  • Shop

© 2020 matans3.sg-host.com - All rights reserved!